Coastal Construction

Salt and water corrode metal. All coastal communities are prone to rusting fasteners and connections. The Federal Emergency Management Agency (FEMA) through the National Flood Insurance Program (NFIP) has regulations on fasteners to help prolong the life and keep structural integrity. If your business is constructing or substantially improving a property in a special hazard…

Calculating Coinsurance

Some business insurance policies include a coinsurance clause. If your policy includes a coinsurance clause, the amount of insurance you have purchased (the limit of insurance) must equal or exceed a specified percentage of the value of the insured property. For example, if 80% coinsurance applies to your building, the limit of insurance must be…